Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Trading Performance

MACD Volume

Score

0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 12.0 0.46% 0.80% 3.0% -1.3% 15.3%
SHORT 26 15.7 0.42% 0.69% 3.2% -3.4% -19.0%

Summary

Technical Analysis

Midway (MWY.AX)


Indicator:

VOLUME MACD


Last Signal:

BEARISH


Trading: SELL @ $3.53
Signal Strength: MEDIUM
Recommendation:

Midway (ASX:MWY) currently has negative Volume MACD of -1452. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


Volume Moving Average Convergence/Divergence (VMACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).

Calculation: Moving Average Convergence Divergence Volume (VMACD):
1) VMACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of VMACD Line;
3) VMACD Histogram: VMACD Line - Signal Line;


PROFILE: Midway (MWY.AX)


Stock Exchange: ASX
Company: Midway
Ticker Codes: | MWY.AX | ASX:MWY |

About Midway (ASX:MWY):

Midway Limited produces, sells, and exports wood fiber products to producers of pulp, and paper and associated products in Australia, Japan, and China. It primarily offers hardwood and softwood woodchips. The company also provides plantation management services to third party tree owners. Midway Limited is based in North Shore, Australia.

Top 10:

MACD Volume

Download
Company Close Change(%) Volume Value Signal
DCN Dacian Gold 0.95 22.6 7,221,770 -80,274 BEARISH
RFG Retail Food 0.21 13.9 602,168 -295,876 BEARISH
CGS Cogstate 0.22 10 8,100 -25,023 BEARISH
CCV Cash Converters International 0.16 6.7 696,944 -250,149 BEARISH
SDA Speedcast International 1.92 6.7 5,078,109 -600,423 BEARISH
ALK Alkane Exploration 0.42 6.4 713,328 -274,783 BEARISH
NZK New Zealand King Salmon Investments 1.95 5.4 2,300 -1,901 BEARISH
BPT Beach Petroleum 2 5.3 9,549,948 -69,458 BEARISH
CUV Clinuvel Pharmaceuticals 32.81 5.2 256,141 -11,204 BEARISH
PRT Prime Television 0.23 4.5 173,226 -29,921 BEARISH